3 ms·

Might I ask how (as in which platform/bank/etc) you shorted NKLA stock? I tried shorting it on alpaca.markets, although on a paper trading account, with no luc

• bluedevil2k 6y ago
  If you're serious about getting in, I'd recommend you NOT to short this stock and instead buy some Puts (options) on it. Short selling leaves you totally exposed if this stock pops up, Kodak or Hertz style. This is the 2nd favorite stock over on /r/wallstreetbets so you can never be sure where the stock price is headed.
  • anonfounder152 6y ago
    While what you said is true, puts are offered by market makers who have the expected price action priced in and so they have huge premiums right now to the point where it's just a -EV gamble. While shorting will still be able to sell to irrational investors. Puts also have a risk that if there is a trading halt, and your puts expire within them, they will expire worthless if you cannot short the stock to exercise them.